Author: forex24pro

Germany’s GDP in the fourth quarter of 2024 decreased by 0.2% compared to the previous three months, matching preliminary data and expert forecasts. Consumer spending rose by 0.1%, government spending by 0.4%, and gross fixed capital investment also increased by 0.4%. On an annual basis, the economy contracted by 0.2% following a 0.3% decline in 2023. Investors are expecting the new government to introduce growth-stimulating measures, including reducing energy costs, investing in infrastructure, and abandoning the debt brake. EUR/USD forecast Euro Dollar for February 26, 2025 The EUR/USD currency pair continues to move within the growth development and bullish channel.…

The GBP/USD currency pair continues to move within the development of growth and a bullish channel. At the time of the forecast publication, the British Pound to US Dollar exchange rate on Forex is 1.2629. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upwards, indicating pressure from buyers of the currency pair and the potential continuation of the instrument’s growth. Currently, a bearish correction attempt of the British Pound against the US Dollar and a test of the support area near the 1.2555 level are expected. From there, a rebound of the…

The AUD/USD currency pair continues its upward movement, forming a reversal “Head and Shoulders” pattern. Moving averages indicate a short-term bullish trend. Prices are once again testing the area between the signal lines, signaling buyer pressure and a potential continuation of the instrument’s decline from current levels. At the time of this forecast’s publication, the Australian Dollar to US Dollar exchange rate stands at 0.6347. Currently, we can expect an attempt to rise and test the resistance area near the 0.6385 level. Then, a price rebound downward and a continuation of the decline towards the area below 0.6225. Australian Dollar…

The USD/JPY currency pair quotes continue to move within the framework of a minor correction and a descending channel. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is at 149.70. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downward, indicating pressure from US Dollar sellers and the potential continuation of the price decline from current levels. As part of the Japanese Yen exchange rate forecast for February 26, 2025, an attempt to rise and test the resistance area near the 149.85…

Brent crude oil quotes continue to move within the framework of a downtrend and descending channel. At the time of this forecast’s publication, the price of Brent crude oil is USD 74.47 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have rebounded from the area between the signal lines, indicating pressure from “Black Gold” sellers and a potential continuation of the asset’s decline from current levels. Currently, we can expect an attempt to develop a bullish correction and test the resistance level near the USD 75.05 per barrel area. After that, a downward rebound and continuation…

The USD/CAD currency pair continues to move within the framework of a bullish correction and a descending channel. At the time of this forecast’s publication, the US Dollar to Canadian Dollar exchange rate is 1.4256. Moving averages indicate a short-term bearish trend for the pair. Prices are once again testing the area between the signal lines, suggesting pressure from sellers and the potential continuation of the pair’s price decline in the near future. Currently, it is worth considering an attempt to develop a bullish correction for the Canadian Dollar and test the resistance level near the 1.4385 area. After that,…

XAU/USD quotes continue to move within the framework of growth development and a bullish channel. At the time of this forecast’s publication, the Gold price is 2938 USD per troy ounce. The moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upwards, signaling pressure from buyers and the potential continuation of growth from current levels. Currently, a bearish correction attempt and a test of the support level near the 2905 USD area are expected. From there, a rebound upwards and continued growth in Gold prices with a potential target of 3065 USD are…

XAG/USD quotes continue to move within the framework of growth development and a descending channel. At the time of this forecast’s publication, the Silver price is USD 32.34. Moving averages indicate an upward trend. Prices broke through the area between the signal lines upwards, indicating buyer pressure and the potential continuation of price growth from current levels. Currently, an attempt to develop a bullish correction in the metal’s price and a test of the resistance level near the USD 32.85 area are expected. From there, a downward price rebound and continued decline in Silver prices with a target below the…

The NZD/USD currency pair continues to move within the framework of a correction and the formation of an “Expanding Formation” pattern. The moving averages indicate a short-term upward trend for the pair. Prices have broken through the area between the signal lines upwards, which signals pressure from buyers of the currency pair and the potential continuation of the instrument’s price increase from current levels. At the time of this Forex forecast, the New Zealand Dollar to US Dollar exchange rate stands at 0.5731. Currently, an attempt to develop an upward movement and test the resistance level near the 0.5765 area…

The USD/CHF currency pair continues to move within the framework of a decline and the formation of the bullish “Wolfe Wave” pattern. At the time of this Forex forecast, the US Dollar to Swiss Franc exchange rate stands at 0.8966. The moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, signaling pressure from sellers and the potential continuation of the asset’s decline from current levels. Currently, it is expected that the US Dollar will attempt to decline against the Swiss Franc and test the support area near the…